Strauss. Just MO that "the market" has NOT got it wrong. It was not the "hyped up" result that DT punters wanted to hear. They have not made their hoped for very quick quid and now have to sell to pay for that mistake. Consequently, the S.P. now has to absorb those forced sales and we have to wait for things to settle down for a more reasoned market to be established again.
Monday had all the elements of a feeding frenzy, as I posted on that day, and, as happens with all such frenzies, when punters who know nothing about the company jump in on the hype and get their fingers burned. It ALWAYS happens and people never learn. We are very lucky that there are so many knowledgeable owners in this company who are the solid holders and, probably top up buyers today, to support the market from going into freefall, which, also is often the consequence of frenzied buying. If we get through this and are still @ .028 or better, that is a great launching pad going forward, now that we actually have some detail and not just ST wishful thinking.
AKK Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held